The market is weak out of the gate due to some slightly elevated readings on inflation today. Core CPI rose +0.3% m/m vs. expectations of +0.2%. This is worrisome, as the Fed does not like to lower rates when inflation is rising. But weaker economic growth usually leads to declining inflation.Telecoms are under pressure again today after AT&T and Verizon (VZ) announced an unlimited wireless plan for $99.99. I think this might spur a lot of people to simply use wireless at home and get rid of their landlines. The phone [...]
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[Source: The Money Blogs]
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